Why Watts Water Technologies (WTS) Stock Is Trading Lower Today
What Happened? Shares of water management manufacturer Watts Water (NYSE:WTS) fell 5.3% in the morning session after the company reported underwhelming earnings. The water management products manufacturer posted revenue of 2.50 per share, both surpassing analyst expectations. However, the strong results were likely overshadowed by a soft outlook. Analyst forecasts point to a significant slowdown, with expected revenue and earnings gro ...